Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio …-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are …-2011), we identify the causal effect of intergenerational mobility on household expenditure’s future growth. We find that …

Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels … of change that have governed the journey of humanity, driven the growth process, and shaped inequality across the globe …. The theory sheds light on two of the most fundamental mysteries surrounding this journey: (i) The Mystery of Growth …

outcomes: economic growth, health and education as two dimensions of human development, and governance, with a focus on …

on economic growth, inequality, and fiscal balance. Our empirical evidence suggests that human capital investments have a …. Overall, our evidence points to a positive effect of human capital on growth, equity, and fiscal balance in Asia. …

and mobility decisions, population growth, and income disparities across and within countries. First, our static …